Overnight Digest: Stocks to look out on August 13
The stock to watch out on August 13 includes Tata Consultancy, Strides Pharma, Cadila, Varroc Engineering and GAIL.
Tata Consultancy Services: The company launched new Robotic Process Automation (RPA) solutions for greater accuracy and better quality in chip fabrication and also to help semiconductor companies in their digital transformation growth.
Strides Pharma Science Limited: The Alathur facility of Strides Pharma has received Zero 483 observations for the recently concluded USFDA inspection.
Cadila Healthcare Limited: For Q1FY20, the pharma giant reported growth in net sales by 21 per cent YoY to Rs. 3496 crore and net profit of Rs. 304 crore.
Varroc Engineering: The company has acquired 74 per cent stake in equity share capital of CarlQ Technologies Private Limited, which is a leading integrated connected vehicle solution provider to OEMs, fleet owners and insurance companies.
GAIL (India): In Q1FY20, the company’s net profit increased by 15 per cent QoQ to Rs. 1288 crore from Rs. 1122 in Q4FY19.